Edward Musisi v Housing Finance Co.(u) Ltd,Speedway Auctioneers (Civil Appeal No. 25 of 2004)
Observed later treatment
Citator coverage is limited to judgments in the Wakilii corpus and source-matched treatment records. Absence of a signal is not an assertion that the case remains good law.
Appeal & case history
Follow this matter from the decision below through each appellate court.
See the court’s words
“JUDGMENT OF KATUREEBE, JSC I have had the benefit of reading in draft the judgment of my learned sister Kitumba, JSC, and I fully agree with her, and for reasons she has given, that the appeal be allowed.”
AI-generated summary. This summary was generated by AI from the full text of the judgment. It may contain errors or omissions—always read the source judgment before relying on it.
Holding
The Court of Appeal allowed the appeal, finding that the appellant had paid all sums due before the auction and was therefore not in default. Acceptance of his payments amounted to a waiver by conduct of the right to sell and discharged his liability. The purported sale was unlawful: no statutory foreclosure notice was properly served, the sale agreement was unstamped and inadmissible, the auctioneer did not advertise, and there was evidence of connivance between the mortgagee and the purchaser-tenant. Mortgage clauses purporting to defeat the equity of redemption after payment were an unenforceable clog. The sale was set aside, proprietary rights and title restored, and general damages of UGX 100,000,000 awarded.
Outcome
Appeal allowed; mortgage sale set aside; appellant's title restored and general damages of UGX 100,000,000 awarded
Facts
In 1995 the appellant borrowed shs 40,000,000 from the first respondent, repayable with interest over ten years, secured by a mortgage over his property at Makerere Kavule. The appellant fell into arrears at times, and the first respondent instructed the second respondent (auctioneer) to sell the property, advertising it for sale on 18 January 2002. On the morning of the sale the appellant made payments totalling shs 5,300,000 into his account, which were accepted and receipted. A final bank statement dated 31 December 2001 showed only shs 4,744,316.76 outstanding. The appellant presented receipts before the auctioneer's hammer fell, but the first respondent's legal officer rejected them and directed the sale to proceed. The property, valued at shs 300,000,000 when the loan was granted, was sold to the appellant's tenant, Med-Net, for shs 170,000,000. No proper stamped sale agreement, transfer, or proof of payment of the purchase price was on record, and the statutory foreclosure notice had been sent to the wrong address.
Issues
- Whether on 18 January 2002 the appellant was in default of his mortgage payments so as to warrant a sale of the mortgaged property.
- Whether the sale of the appellant's property on 18 January 2002 was lawful.
- Whether the trial judge properly considered the appellant's right to the equity of redemption.
Orders
- Appeal allowed.
- The sale of the appellant's property comprised in Block 28 plot 256 set aside.
- The appellant's proprietary rights in the property to be fully restored to him and his certificate of title returned free from any encumbrance.
- The sum of shs 100,000,000/= to be paid to the appellant in general damages with interest at 12% per annum from the date of judgment until payment in full.
- Costs to the appellant both in this court and the court below.
Rules and key headnotes
Legislation cited (2)
Cases cited (6)
- Knightsbridge Estates Trust Ltd v Byrne [1939] Ch 441
- Santley v Wilde [1899] 2 Ch 474
- Nurdin Bandali v Lombank Tanganyika Ltd [1963] EA 304
- Pandya v R [1957] EA 336
- Okeno v Republic [1972] EA 32
- Kifamunte Henry v Uganda (Criminal Appeal No. 10 of 1997)
Cases citing this judgment (5)
How later Ugandan judgments in the Wakilii corpus have cited this case. Treatment labels come from Sequitur — Uganda’s citator — each backed by a verbatim span from the citing judgment, and are not an assertion that this case is, or is not, good law.
- Bbosa Charles and Sserunkuuma Bruno v Malunda Maliko (Miscellaneous Application No. 159 of 2025)
- Dr. Drani v Eng. Lodu (Miscellaneous Application 610 of 2023)
- Haruna Sentonga v Orient Bank (Miscellaneous Application) [2023] UGCOMMC 22
- Housing Finance Bank & Anor v Musisi [2011] UGSC 26
- Housing Finance Bank Limited and Another v Musisi (Miscellaneous Application 158 of 2010)
Full judgment
The original judgment as reported. Read the original PDF before relying on any passage.